Reflections and outlook for the New Zealand ETS: must uncertain times mean uncertain measures?

Authors

  • Jessika Luth Richter
  • Lizzie Chambers

DOI:

https://doi.org/10.26686/pq.v10i2.4485

Keywords:

emissions trading scheme (ETS), Kyoto Protocol, decarbonisation of the New Zealand economy, renewable sources, afforestation, independent regulatory authority, European Union ETS, lowcarbon investments

Abstract

The New Zealand emissions trading scheme (ETS) was introduced by legislation in 2008. The legislated objectives as stated in section 3 of the Climate Change Response Act 2002 are to ‘support and encourage global efforts to reduce the emission of greenhouse gases by (i) assisting New Zealand to meet its international obligations under the [UNFCCC] Convention and the [Kyoto] Protocol; and (ii) reducing New Zealand’s net emissions of those gases to below business-as-usual levels’. Beyond this, the New Zealand government has confirmed three objectives for the ETS.

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Policy Quarterly volume 10 number 2 2014

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Published

2014-05-01

Issue

Vol. 10 No. 2 (2014): Policy Quarterly

Section

Articles

License

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